Industry

March 28, 2019
Updated - May 17, 2019

NOTICE OF COMMISSION APPROVAL

INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC)

AMENDMENTS TO TRANSACTION REPORTING FOR DEBT SECURITIES

The Ontario Securities Commission has approved IIROC’s proposed amendments to the Dealer Member Rules on Transaction Reporting for Debt Securities (the “Amendments”). 

The Amendments were described in IIROC Notice 18-0052 – Rules Notice – Request for Comments – DMR – Proposed Amendments to Transaction Reporting for Debt Securities that was published on March 8, 2018, and available at http://www.iiroc.ca.

The effective date for the Amendments, as revised, is October 28, 2019.  On May 16, 2019, IIROC published a Technical Notice – 19-0089, which revised the implementation schedule as follows:

Transaction Type

Original Implementation Date

New Implementation Date

Reportable Repo Transactions (reportable information set out in rows 31-41 of subsection 2.4(c) of Dealer Member Rule 2800c)

October 28, 2019

No Change

Reportable Retail and Institutional Debt Transactions (all other than Repo)

October 28, 2019

April 27, 2020

In addition, the Alberta Securities Commission, the Autorité des marchés financiers, the British Columbia Securities Commission, the Financial and Consumer Affairs Authority of Saskatchewan, the Financial and Consumer Services Commission (New Brunswick), Legal Registries Division, Department of Justice (Northwest Territories), Legal Registries Division, Department of Justice (Nunavut), the Manitoba Securities Commission, the Nova Scotia Securities Commission, the Office of the Superintendent of Securities, Service Newfoundland and Labrador, the Office of the Yukon Superintendent of Securities, and the Prince Edward Island Office of the Superintendent of Securities have approved or not objected to the Amendments.